ACCOUNTANCY/ACCOUNTING

ACCOUNTANCY/ACCOUNTING

Introduction:
Accounting deals with the recording, reporting and analysis of the financial transactions of a business. Accountants prepare and analyze financial statements, which serve as a useful evaluation of the company's success or failure. There are countless career opportunities in accounting, including:   auditing, taxation, financial accounting, management accounting, governmental accounting, budget analysis, certified public accounting, information systems, corporate accounting, teaching, cost accounting, payroll accounting, etc.

Class of Specialization:     Commercial/Business Studies       
Relevant Core Subjects:   Mathematics, English, Accounting, Commerce, Economics
Personality Traits/Skills:   
Stereotypically, accountants are shy, studious intellectuals that are engulfed in their spreadsheets and calculators.

Job profile/Duties:   
Accountants are the middle-men between business activities and decision-makers. They record data from transactions, and translate it into meaningful information that can be useful to users. This financial information is useful to many users such as: top management, employees, stockholders, creditors, government agencies and even customers. Many people think that accounting is a complicated business math class. In fact, accounting is not so much about the adding and subtracting of numbers, but about knowing what those numbers mean and being able to apply and communicate these numbers in a way that is beneficial to business organizations.

Where to work:   
Accounting firm, companies, banks, and government establishment.